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The Bank of New Zealand

[per press association.] < -

London, May 24. *

The " Economist," referring to the Bank of New Zealand, considers it has drifted into a perilous position and advises the adoption of the plan suggested at a meeting of shareholders in London on the 17th inst. The meeting in question recommended the immediate transfer of the head office to London,, the addition of strong names on the London Board, the placing of the surplus values of colonial sites to the reserve, and that dividends should be confined to moderate amounts until a strong reserve fund is formed.

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Permanent link to this item

http://paperspast.natlib.govt.nz/newspapers/AG18900526.2.23

Bibliographic details

The Bank of New Zealand, Ashburton Guardian, Volume XIV, Issue 2434, 26 May 1890

Word Count
98

The Bank of New Zealand Ashburton Guardian, Volume XIV, Issue 2434, 26 May 1890

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